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Swaim signs for Dash, ARCA

4 February 1998

	HOUSTON (Feb 3,1998) - The familiar bright yellow of Pennzoil will
adorn the cars of 21 year-old Mike Swaim Jr. at selected ARCA and NASCAR
Goody's Dash races in 1998. 

Swaim, the 1997 Goody's Dash champion, and Pennzoil Products Company,
marketer of America's #1 selling motor oil, signed a sponsorship
agreement today for Swaim to race in at least five ARCA (Automobile
Racing Club of America) races, including the Charlotte and Atlanta
events as well as all non-conflicting Goody's Dash races. 

"Last year when we won the championship we did it without a sponsor, so
this year I think we can have an even better year now that we have
Pennzoil on board," said Swaim, who is a business administration major
at Guilford Technical Community College. "My goal is to someday race in
Winston Cup. I'm only 21 years old right now, so I have a lot of time,
but I look at moving into the ARCA Series as a step up."

"This is Pennzoil's first sponsorship in both the Goody's Dash and the
ARCA series," said Tom Floyd, Pennzoil's chief marketing officer.
"We're really looking  forward to this new association in 1998.

"I think anyone who knows the Swaim family knows they are quality people
and the kind of people with whom Pennzoil likes to be associated," Floyd
continued. "Plus, everyone tells me this kid can really drive a race
car, so hopefully this is the start of a very productive relationship
for both parties."

Swaim and his team, Falcon Racing, owned by his father Mike Swaim,Sr.,
competed in two ARCA races at Charlotte last year, posting fifth- and
eight-place finishes. In his only other ARCA race, the former
all-conference high school baseball player finished in the top 10 at
Atlanta. He posted four victories, five poles and the series
championship in the 1997 Goody's Dash Series.

"I know it might sound strange, but driving an ARCA car at Charlotte was
a lot easier than driving a Dash car," said Swaim.  "The ARCA cars are
longer and heavier and a bit more stable than the Dash cars, which have
a smaller wheelbase."

Swaim joins Pennzoil's NASCAR family, which includes 1998 Rookie of the
Year contender Steve Park; #30 Gumout Pontiac driver Derrike Cope, the
1990 Daytona 500 winner; and #18 Pennzoil Ford driver Tony Raines, a
first-time winner in the Craftsman Truck Series in 1997.

Swaim said that his High Point, N.C.-based team plans to copy the paint
scheme on Park's #1 Pennzoil Monte Carlo onto Swaim's #28 Pontiac
Sunfire in the Dash Series and the #22 Pontiac Grand Prix in the ARCA
Series. Charlotte motorsports artist Sam Bass designed a new paint
scheme in January for all of Pennzoil's racecars. 

"This Pennzoil deal may sound minor to a lot of people", said Swaim,
"but this is a big step for me. One day when I'm in Winston Cup racing,
I will look back on it and realize this was one of the best days of my

	Pennzoil Products Company is a wholly owned subsidiary of Houston-based
Pennzoil Company , and its motor oil has been America's No.
1-selling brand for more than twelve years.


Mike Swaim, Jr. Fact Sheet

Driver: 		Mike Swaim, Jr.
 			Born: 6-16-76
 			Residence: High Point, N.C.
 			Marital Status: Single
 			Height: 5 ft. 10 in. 	Weight: 165 lbs.
 			1994 graduate of Trinity High School
 			Attending Guilford Technical Community College
 			Majoring in Business Administration
 			Three-year starter for Trinity High School Baseball Team
 			All-North Piedmont Conference team
 			Received Golden Bat Award in senior year with .364 batting average

Dash Series 

*	Nine Victories
Bristol Motor Speedway
North Wilkesboro Speedway
Hickory Motor Speedway
Florence Motor Speedway (2)
Volusia County Speedway
Lanier National Speedway
Caraway Speedway
Tri-County Motor Speedway
*	11 Pole Awards
*	28 Top Five Finishes
*	40 Top Ten Finishes

ARCA Series

*	3 Starts
*	1 Top Five Finish
*	2 Top Ten Finishes